Burn Care Market size was valued at USD 2.4 billion in 2021 and is poised to grow at a significant CAGR of 7.2% during the forecast period 2022–2028. Burns are a sort of physical harm brought on by heat exposure, which can be from thermal, electrical, chemical, or electromagnetic energy. The extent and depth of the burn determine how severe the burn injury is. First degree, second degree, and third-degree burns are the three different forms of burns. The severity of the burns will determine how they are managed. Advanced burn care, biologics, and conventional burn care are all products used in the treatment of burns. Products for burn care are used to avoid issues including pain management, decreased risk of scarring, removal of dead tissue, infection prevention, and function recovery. As burn medical cases increase globally, governments in many nations and healthcare organisations have stepped up their efforts to inform the public about the various alternatives available for burn care. Additionally, several private players support burn therapy by offering the required financial assistance or having great reimbursement policies. When considering the potential of the global burn care market, there has been a noticeable increase in the number of burn care processes that provide various sorts of products and services at reasonable costs. In the absence of physical medical facilities, the global industry has seen an increase in telephonic or e-health support for patients. The healthcare agencies, however, are playing a key role in raising awareness about first aid in case of burn treatment. The main reasons for this shift in growth rate are ascribed to the stable uptake of the market and the rising awareness of first aid in case of burn care among individuals. Because more consumers are prepared to pay more money and choose new, advanced burn care products are expected to accelerate the growth of the market. Favorable government programmes, like reimbursement policies for the cost of care, encourage people to choose advanced burn care. The existence of non-profit groups like the American Burn Association (ABA) and government organisations like the World Health Organization (WHO) also helps to raise awareness. The WHO has been developing ways to enhance burn care and prevent burn injuries globally in collaboration with The International Society for Burn Injuries and other similar organisations.
Recent Market Developments:
April, 2021 – Developing access to cutting-edge negative pressure wound therapy systems will be the focus of a national partnership between Joerns Healthcare and Medela, which was announced. Through this arrangement, Joerns will increase the range of products available for negative pressure wound therapy, including the Invia Liberty and Invia Motion 60 NPWT Systems, in its wound care portfolio.